NEW DELHI : Amid volatility in crude oil rates, the prices of petrol and diesel today rose once again in India. Petrol rates increased by 15 paise a litre while diesel rates shot up by 10 paise per litre. Petrol price reached 80 per litre in Mumbai, where it is already at year-high levels.

Petrol priced in Delhi, Kolkata, Mumbai and Chennai were 74.43 a litre, 77.03, 80.00, 77.28, respectively, while the diesel rates were 67.24, 69.66, 70.55 and 71.09, respectively.

The maximum surge was recorded in Maharashtra’s Parbhani where the price of petrol was 81.93 per litre and diesel 71.31 a litre.

The recent surge in petrol, diesel prices began from September 17 as a direct effect of the drone attacks on Saudi Arabia’s oil facilities. Since then, the prices have been on the rise everyday. Petrol price has gone up by 2.26 a litre while that of diesel has increased by 1.66

In the global market, WTI futures were down 3.3% so far for the week, marking the largest weekly loss in 10 weeks, while Brent was down 3.2% on the week, its largest weekly loss in seven.

Brent crude futures fell 49 cents, or 0.8%, from the previous session’s close to $62.25 a barrel by 0603 GMT. US West Texas Intermediate (WTI) crude futures fell 23 cents, or 0.4%, to $56.18 a barrel.



Please enter your comment!
Please enter your name here